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Macroeconomic Policy Analysis Michael P. Amos

Macroeconomic Policy Analysis By Michael P. Amos

Macroeconomic Policy Analysis by Michael P. Amos


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Summary

This book introduces the concept of public sector rationing in asset markets and provides a non-Walrasian approach to macroeconomic policy analysis. Amos provides models and understanding to relevant topics such as credit rationing regimes, disaggregation of the government, and specification behaviour of households, firms, and central banks.

Macroeconomic Policy Analysis Summary

Macroeconomic Policy Analysis: Open Economies with Quantity Constraints by Michael P. Amos

This book introduces the concept of public sector rationing in asset markets and provides a non-Walrasian approach to macroeconomic policy analysis. The detailed treatment of credit rationing regimes makes this work particularly relevant to economies where the interest rate is regulated. Other topics covered include the disaggregation of the government into the treasury and the central bank, the specification behavior of households, firms, and the central bank as intertemporal optimizers. The book provides models that can be easily extended to take into account both institutional and economic structures of all economies and the particular needs of the policy analysts before empirical implementation.

Macroeconomic Policy Analysis Reviews

This book is a gem, and should have a large impact on the profession. I myself have been returning to an old interest of mine--incorporating financial and macroeconomic considerations into computable general equilibrium models. After an exhaustive survey of the relevant literature, I find the framework proposed in this book the most useful. Irma Adelman, University of California, Berkeley

Table of Contents

List of tables; Preface; Acknowledgements; 1. Introduction; 2. Firms rationed in the credit market; 3. Household rationed in the credit market; 4. Households and firms rationed in the credit market; 5. Central-bank portfolio selection and stabilization policies; 6. Summary; Appendix. Monetary and fiscal policies with a flexible interest rate; Selected bibliography.

Additional information

NPB9780521343879
9780521343879
0521343879
Macroeconomic Policy Analysis: Open Economies with Quantity Constraints by Michael P. Amos
New
Hardback
Cambridge University Press
1989-01-27
84
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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